ByteDance, the parent company of the social media platform TikTok, has announced plans to lay off more than 700 workers from its Malaysian unit as part of a restructuring initiative towards greater use of artificial intelligence in content moderation. According to reports, the layoffs are part of a broader plan to improve its moderation operations…
ByteDance Is Shutting Down TikTok Music
ByteDance Ltd, the parent company of TikTok, has announced plans to shut down TikTok Music, its music streaming service, in November 2024, to focus on driving greater music listening by partnering with music streaming services rather than competing with them. According to reports, subscribers can continue using the service until November 28, after which renewals…
ByteDance: $2.13 Billion AI Investment In Malaysia
ByteDance Ltd. is a Chinese internet technology company founded in 2012, with its headquarters in Haidian, Beijing. It is the parent company of the popular video-sharing app TikTok. According to reports, ByteDance has announced plans to invest $2.13 billion USD to set up an Artificial Intelligence (AI) hub in Malaysia. This investment will be used…